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Sep 08 - 06:55 PM

USD, EUR: The Return Of Inflation Fears; The Most Worrying Is Yet To Come - Credit Agricole

By eFXdata  —  Sep 08 - 03:00 PM

Credit Agricole CIB Research discusses its expectations for the inflation outlook in the US and Eurozone.

"Currently published data – commodity prices, PPI – and some technical effects suggest even higher inflation later this year: 5.5-6.0% in the US and 3.5-4.0% in the Eurozone. For 2022, we expect Eurozone inflation around 2% and 3.5% in the US on average," CACIB notes. 

"Beyond 2022, there are five main reasons why inflation could return for good: 1. Inflation pushed by a prolonged, massive, broad-based fiscal stimulus 2. Self-sustained higher wages, on a global basis 3. A super-commodity cycle 4. Prolonged disruptions – multi-year – in the global supply chains 5. Massive costs from the energy transition (decarbonisation of the economy)," CACIB adds. 

Source:
Crédit Agricole Research/Market Commentary

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